FEATURED COMPANIES
- 3M
- Albemarle Corporation
- Clariant
- Diversey Holdings Ltd
- Henkel AG & Co. KGaA
- Nouryon
The industrial and institutional cleaning chemicals market is projected to register a CAGR of around 7% during the forecast period 2022-2027.
The market was negatively impacted by the COVID-19 pandemic in 2020. However, on the other hand, considering the post-pandemic scenario, as the lockdowns were lifted, the demand for these cleaning chemicals increased significantly, owing to the increase in awareness regarding better hygiene and cleanliness.
The industrial and institutional cleaning chemicals market is consolidated in nature, with a few players accounting for a significant share of the market demand. Some of the major players in the market include Procter & Gamble, Henkel AG & Co. KGaA, BASF SE, Clariant, and 3M, among others.
This product will be delivered within 2 business days.
The market was negatively impacted by the COVID-19 pandemic in 2020. However, on the other hand, considering the post-pandemic scenario, as the lockdowns were lifted, the demand for these cleaning chemicals increased significantly, owing to the increase in awareness regarding better hygiene and cleanliness.
- Over the short term, increasing demand for cleaning chemicals from the healthcare and food industry is expected to drive the market’s growth.
- On the flip side, health hazards caused by cleaning chemicals are restraining the market’s growth.
- The general-purpose cleaners segment dominated the market. It is likely to grow during the forecast period owing to increased awareness about the importance of living in a hygienic environment.
- The emerging use of bio-based cleaning chemicals is likely to provide opportunities for the market studied during the forecast period 2022-2027.
- North America dominated the global market, owing to high awareness among the population and collective efforts to maintain cleanliness and hygiene.
Key Market Trends
Increasing Demand for General Purpose Cleaning Products
- The general purpose cleaning products is the largest segment in the industrial and institutional cleaning chemicals market in terms of product type. The products in this segment are mainly used as ware-wash, floor cleaners, etc., at hospitals, hotels, and offices.
- The awareness of contagious diseases is one of the driving factors for these products. However, the harmful side effects associated with these chemicals are restraining the market’s growth.
- The majority of the chemicals used in these products are biocides and surfactants.
- The US is the leading market shareholder of this segment, followed by Western European countries. The Asia-Pacific region is also showing steady growth owing to its growing population.
- Additionally, due to the COVID-19 pandemic, the government is actively participating in promoting the usage of cleaning chemicals as a preventive measure. Despite the lockdown, cleaning chemical manufacturing plants have been operating across the country to meet the increasing demand during the pandemic.
- Therefore, the aforementioned factors are expected to significantly impact the market over the coming years.
North America Region to Dominate the Market
- The North American region dominated the global market share. The increasing hospital construction and high awareness among the population regarding the importance of a hygienic environment are some of the factors driving the growth of the industrial and institutional cleaning chemicals market in the region.
- The trillion-dollar plan of President Biden's administration has a significant focus on improving the infrastructure of the hospitals in the US, which is expected to drive the market indirectly.
- The growth of the US industrial cleaning sector, coupled with government initiatives and regulatory policies, is anticipated to support the market growth in the near future as well.
- Furthermore, industrial and institutional cleaning chemicals are also part of the laundry care segment. The Canadian laundry care segment is estimated to reach about USD 1,300 million by 2024, recording a CAGR of about 1%, which, in turn, is expected to stimulate the regional market demand for industrial and institutional cleaning chemicals.
- Increasing pollution and public concerns about cleaning and hygiene maintenance in public places are boosting the industrial and institutional cleaning chemicals market, especially in the industrial cleaning segment, due to growing government concerns related to clean operations and energy efficiency in the industrial sector.
- Therefore, the aforementioned factors are expected to significantly impact the market over the coming years.
Competitive Landscape
The industrial and institutional cleaning chemicals market is consolidated in nature, with a few players accounting for a significant share of the market demand. Some of the major players in the market include Procter & Gamble, Henkel AG & Co. KGaA, BASF SE, Clariant, and 3M, among others.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
This product will be delivered within 2 business days.
Note: Product cover images may vary from those shown
FEATURED COMPANIES
- 3M
- Albemarle Corporation
- Clariant
- Diversey Holdings Ltd
- Henkel AG & Co. KGaA
- Nouryon
1 INTRODUCTION
4 MARKET DYNAMICS
5 MARKET SEGMENTATION
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
Note: Product cover images may vary from those shown
LOADING...
A selection of companies mentioned in this report includes:
- 3M
- Akzo Nobel NV
- Albemarle Corporation
- BASF SE
- Clariant
- Croda International PLC
- Diversey Holdings Ltd
- Eastman Chemical Company
- Henkel AG & Co. KGaA
- Huntsman International LLC
- LANXESS
- National Chemical Laboratories Inc.
- Nouryon
- Procter & Gamble
- Reckitt Benckiser Group PLC
- Solvay
- Spartan Chemical Company Inc.
- Stepan Company
- WM Barr
- Westlake Chemical Corporation
Note: Product cover images may vary from those shown
LOADING...